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  6. Tate & Lyle Acquires CP Kelco

M&A Deal Summary

Tate & Lyle Acquires CP Kelco

On June 20, 2024, Tate & Lyle acquired chemicals company CP Kelco from J.M. Huber

Acquisition Highlights
  • This is Tate & Lyle’s 1st transaction in the Chemicals sector.
  • This is Tate & Lyle’s 1st transaction in the United States.
  • This is Tate & Lyle’s 1st transaction in Georgia.

M&A Deal Summary
Date 2024-06-20
Target CP Kelco
Sector Chemicals
Buyer(s) Tate & Lyle
Sellers(s) J.M. Huber
Deal Type Divestiture

Target

CP Kelco

Atlanta, Georgia, United States
CP Kelco is a nature-based ingredient solutions company with experience working with food, beverage, consumer and industrial product manufacturers worldwide. The Company's product lines include citrus fiber, gellan gum, pectin, carrageenan, xanthan gum, diutan gum, fermentation-derived cellulose, refined locust bean gum and microparticulated whey protein concentrate. CP Kelco is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Tate & Lyle

London, United Kingdom
Category Company
Founded 1903
Sector Food
Employees4,441
Revenue 1.6B GBP (2024)
DESCRIPTION

Tate & Lyle is a provider of distinctive, high quality ingredients and solutions to the food, beverage and other industries. Tate & Lyle was founded in 1903 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Primient

Decatur, Illinois, United States

Primient is a provider of nutritive sweeteners, industrial starches, acidulants and other corn-derived products. The Company serves customers across a diversified set of end-markets including carbonated beverages, confectionery products, packaging applications and animal feed. Primient has employees across three corn wet mills, three acidulant plants and a network of thirteen grain elevators in the United States and Brazil. Primient is based in Decatur, Illinois.

Sell $1.7B

Seller(S) 1

SELLER

J.M. Huber

Edison, New Jersey, United States
Category Company
Founded 1883
Sector Chemicals
DESCRIPTION

J.M. Huber Corporation, through its subsidiaries, engages in hydrocolloids, specialty chemicals and minerals, and engineered woods businesses in the United States and internationally.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 2 of 2
Type (Divestiture) 3 of 3
State (Georgia) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 Active Minerals

Sparks, Maryland, United States

Active Minerals is a global market provider in the production and distribution of air-float kaolin and gel-grade attapulgite clays for customers in fiberglass, construction, drilling, agriculture, and concrete end markets, among others. The Company’s products provide highly tangible qualities in customers’ end products: Air-float kaolin strengthens fiberglass for usage in printed circuit boards prior to assembly in electronics end products such as phones, tablets, and automobiles. Gel-grade attapulgite is used to increase viscosity of mixtures in a variety of end markets including joint tape compounds used for wallboard construction, and paints & coatings to prevent settling and hard packing. Active Minerals International was founded in 1964 and is based in Sparks, Maryland.

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